Semmax Financial Advisors Inc. Has $3.02 Million Holdings in United Parcel Service, Inc. (NYSE:UPS)

Semmax Financial Advisors Inc. decreased its position in United Parcel Service, Inc. (NYSE:UPS) by 1.8% in the second quarter, according to its most recent 13F filing with the SEC. The firm owned 23,858 shares of the transportation company’s stock after selling 428 shares during the period. Semmax Financial Advisors Inc.’s holdings in United Parcel Service were worth $3,018,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of UPS. Pineridge Advisors LLC purchased a new position in United Parcel Service during the 4th quarter valued at about $31,000. Security National Bank purchased a new position in shares of United Parcel Service during the 4th quarter valued at $31,000. TruNorth Capital Management LLC acquired a new stake in United Parcel Service during the second quarter valued at $28,000. Stephens Consulting LLC grew its stake in United Parcel Service by 869.6% in the first quarter. Stephens Consulting LLC now owns 223 shares of the transportation company’s stock valued at $33,000 after purchasing an additional 200 shares in the last quarter. Finally, Riverview Trust Co acquired a new position in United Parcel Service in the 2nd quarter worth about $32,000. Institutional investors and hedge funds own 60.26% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on the stock. Bank of America cut their price target on shares of United Parcel Service from $160.00 to $158.00 and set a “neutral” rating on the stock in a report on Monday, July 22nd. Baird R W raised United Parcel Service to a “strong-buy” rating in a report on Wednesday, July 24th. Oppenheimer reduced their price objective on shares of United Parcel Service from $157.00 to $140.00 and set an “outperform” rating for the company in a research note on Wednesday, July 24th. UBS Group decreased their price objective on shares of United Parcel Service from $175.00 to $159.00 and set a “buy” rating for the company in a report on Wednesday, July 24th. Finally, BMO Capital Markets dropped their target price on shares of United Parcel Service from $169.00 to $155.00 and set a “market perform” rating on the stock in a report on Wednesday, July 24th. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating, eight have given a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $149.68.

Insiders Place Their Bets

In related news, Director William R. Johnson bought 5,000 shares of the stock in a transaction that occurred on Thursday, July 25th. The shares were acquired at an average price of $128.61 per share, with a total value of $643,050.00. Following the completion of the transaction, the director now owns 5,160 shares in the company, valued at $663,627.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.13% of the company’s stock.

United Parcel Service Price Performance

Shares of NYSE UPS opened at $128.74 on Tuesday. The company has a fifty day moving average price of $129.87 and a 200 day moving average price of $139.01. The firm has a market cap of $110.14 billion, a PE ratio of 18.66, a PEG ratio of 1.90 and a beta of 0.99. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 1.18. United Parcel Service, Inc. has a 1-year low of $123.12 and a 1-year high of $163.82.

United Parcel Service (NYSE:UPS) last posted its quarterly earnings data on Tuesday, July 23rd. The transportation company reported $1.79 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.99 by ($0.20). United Parcel Service had a return on equity of 35.27% and a net margin of 5.87%. The firm had revenue of $21.82 billion for the quarter, compared to the consensus estimate of $22.17 billion. During the same quarter in the previous year, the business posted $2.54 earnings per share. The firm’s quarterly revenue was down 1.1% compared to the same quarter last year. Research analysts predict that United Parcel Service, Inc. will post 7.43 earnings per share for the current fiscal year.

United Parcel Service Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 5th. Shareholders of record on Monday, August 19th were paid a $1.63 dividend. The ex-dividend date was Monday, August 19th. This represents a $6.52 annualized dividend and a yield of 5.06%. United Parcel Service’s payout ratio is currently 94.49%.

United Parcel Service Company Profile

United Parcel Service, Inc, a package delivery company, provides transportation and delivery, distribution, contract logistics, ocean freight, airfreight, customs brokerage, and insurance services. It operates through two segments, U.S. Domestic Package and International Package. The U.S. Domestic Package segment offers time-definite delivery of express letters, documents, small packages, and palletized freight through air and ground services in the United States.